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Search Results 0 to 49 of about 390 (some duplicates have been removed)
, everybody. as howard mentioned, a big report about the tax components of the fiscal cliff and what the effects could be on american households. i want to make five basic points that we raised in that study. the fiscal cliff really is big. it would be more than $500 billion in a tax increase. this works out to a tax increase of more than 20%, which is very large. looking at whether this would be the largest tax increase in history. for the average household, that works out to about $3,500. someone who earns around $50,000, it would be somewhere in the neighborhood of $2,000. the second point is it affects virtually everybody. close to 90% of households would see their taxes go up. there are a few folks out there, primarily older seniors and citizens who do not have children who might not be affected, but the vast majority of american households would be affected by going off of the cliff. the first order for business is running through what the effects will be. those of you in the room have a handout that summarizes things. those of you at work and at home should be able to find thi
applying hotel tax to your rentals. tell us about what happened. >> last wednesday, the tax collector called a hearing to discuss the applicability of the transient occupancy tax to short-term rentals and operators. we were concerned about this tax and its applicability to airbnb and our community. they showed up in great numbers at the hearing. our main concern is that we vote regularly to increase our own taxes. i do not think any of us are completely opposed to taxes. our concern is the tax code was written in 1961, long before the sharing economy existed, the internet, and the new thing we call airbnb. something that was written for corporate hotels and guests should not be applied to something that is entirely new, to permanent residents of san francisco who are occasionally renting out a couch or bedroom to a visitor, with whom the form great lasting friendships quite often. we announced that the entire city family take time to think about whether the existing laws should apply to the new activity or whether we should create new policies and regulations that apply more appropria
payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose area and bring in more money to the coffers and a green i
to take away, that i haven't mentioned is this is a 100% private financed. no tax increases. no money from the general fund. [ applause ] benefits will be many. jobs obviously through the construction process, but also hundreds of permanent, well-paying new jobs. san francisco will finally have a world-class multi-purpose venue for music, artists who cannot today play in san francisco, for business and cultural event to fill a void in joe's portfolio of convention and other business coming to the city. family shows and for us, most importantly a new home back in san francisco, where the warriors started. certainly will contribute to economic growth, new tax revenue, and create a publicly accessible waterfront attraction that does not exist today. we passed a big milestone in naming our architectural team and we choose two firms that are going to be responsible for the design of this project. san francisco's acom, bill crocket is with us today. they are the most experienced arena architectural firm in the core and have been .yn 30 projects over the decade and bill personally involved with t
. david: also one of america's greatest living economists tom sowell will join us with his take on the tax debate we'll hear about tonight. lauren: we'll tell you what drove the markets today with the data download. stocks edged higher on stronger than expected economic reports. all three major indices closing in the green but well off of session highs. eight of the 10 s&p sectors posting gains. telecom and consumer discretionary were the top performers today. we saw fallback in energy as well as materials. those lagged. the payroll services firm, adp, said the economy added 162,000 private sector jobs last month. that topped estimates of 143,000. now the august number, that was revised down by 12,000 to 189,000. of course we have to look ahead to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all
, one that we're very proud of is the midmarket payroll tax initiatives. that is to make san francisco much more attracttive to entrepreneurial companies and renovate a blighted area. we're particularly proud of this kind of public-private partnership to move the city forward. now join me in welcoming the city's first asian american mayor and i'm very proud to say a member of the lee tribe, the 43rd mayor of san francisco, ed lee. (applause). >> thank you, judy, very much for that introduction. good morning, everyone. >> good morning. >> it's great to be here at the san francisco chamber and of course the center for economic development here, your breakfast for 2012, it's my pleasure to be here. i walked in as ed from wells fargo was talking and i just wanted to make sure you knew, i am eternally grateful it the chamber, to wells fargo for helping me create 5,200 jobs for our kids. that's a wonderful accomplishment. i've been your mayor for almost two years now and everybody is coming up to me and asking, are you enjoying it? you know, some of the politics in the city it's hard to
of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's
the compendium or payroll tax, all of the variety of cost of doing business and this is why i think i understand from what you're saying, that would be harder to prosecute, i completely understand that. we may decide that's a problem, but i think that's what i hear you saying, you're not necessarily saying if the surcharge was on health care and that money was not used for health care, that that would be -- to me, that's much more clear cut situation. >> that's exactly what i'm saying but i do want to say it's not theoretical, without going into the open investigation that we have, i will say that it was obvious to me as i think it was to the grand jury that they're moving to a broader surcharge language, at least a number of them are and that trend may continue, so that the ability to track exactly what they're taking in and what they're paying out and whether or not they're making any type of misrepresentation to their customers is more difficult. >> thank you, logs, any -- colleague, any additional questions. er >> we'll hear from the tax collector's office, thank you very much. >> good afte
, wind down pay off the debt so the tax increment in the series is available for distribution to the taxing entities, city, county, bart, schools. free up the taxes generated for distribution to the other entities. in the case of san francisco we do have a lot at stake. a number of these area plans which the commission approved the board approved as i indicated, made or approved, hunters point, mission bay, trans bay, another obligations that need to be implemented, they are in many cases 30 year plants. mission bay, hald done. trans way, just getting started, going for the terminal, housing production, infrastructure needed along folsom, is getting started, 700 acres still left to be done over the course of 20-30 years. what 1483 did, because it is a separate legal entity, apart from the city and county of san francisco, acknowledged that the surviving obligations and successor agencies in fact are not part of the city and county of san francisco is adopted on february 1. on june 27, when the governor signed that bill into law, so-called clean-up, we had to revisit the
have a payroll tax that taxes job-creation in the city. and that was one of the most negative things we could do when we are trying to do the opposite of creating jobs. so in a discussion very intensely for the first year i made a commitment with the other candidates running for mayor and we agreed and got that consensus together just recently to get rid of the payroll tax and it helps everybody with a fairer tax system so we're incentivizing job-creation. >> it's called proposition e and we all want to vote yes on e, because yes on e reduces the payroll tax and switches the tax to a gross receipts tax. and saves tech companies millions of dollars so that they can go take that money and create new jobs. >> so that helps the billionaires and it also helps people who wants jobs? >> it also helps every small business in san francisco. >> it helps everybody. who is against it? it's those crazy, what are they called? the board of supervisors? >> no, we got a unanimous vote from the board of supervisors. >> oh, they are squared of d scared of you now? >> no matter what convention yo
coming together on issues that affect all of us, tax reform, housing, fixing our parks and open space, fixing our streets. this year we have come together in an unprecedented way to put these issues to the ballot, because we agree it's the right time for smart and long-term investment in our city and in housing and in parks and in tax reform. together we're putting people back to work and building our city at the same time. now it's time to reform our tax structure. a lot of people ask me, well, mayor, what is this business tax reform? what is it all about? it's very complicated. well, i will tell them it's about real people, about business, and about real jobs. because it's now that we're the only city in the state of california that has a payroll tax, literally a tax on job-creation. it doesn't make sense. so i'm happy to report that we at last are reforming our business tax structure to stop taxing jobs. and help companies large and small to stay here, to grow here, and to continue starting here as well. we need to protect existing jobs and we need to spur job-creation. our co
's on the november ballot. and i encourage everybody to vote for it. on the ballot as well is a business tax restructure to bring in new revenue for the city and many millions of dollars from that, about 13 will be dedicated to the affordable housing so we can ramp up development of affordable housing in san francisco. >> thank you. mr. everett? >> providing affordable housing is a central and extremely important issue. that being said, we also need to look at how we deal with public housing within the city and county of san francisco. i grew up in section 8 housing. i know what that is like. i grew up on food stamps, i know what that is like. we need to understand how we can end some of the cycles that we talk about on a day to day basis and the root causes of those cycles. the way to address those is to directly target the housing crisis in san francisco and directly target hud housing. we do that by providing vouchers to folks. with the vouchers you could take a family and moved them into mixed income units. i am a product of that. i am a product of a young person being able to wake up
revenue to balance its budget, what new or increased taxes or fees should it consider? çk w miss breed, mr. everett and mr. johnson. >> london breed. i think part of what i see is a lot of waste and i also see a lot of very high salaries. i think we need to start by making sure, for example, when not going to pay for bottled water and that saved the city millions of dollars. i think we need to start looking at things, like cutting the costs on the number of vehicles we use, gas and some of the basics in order to save revenue in that capacity. we also need to look at the salaries. i know that we, as members of the board of supervisors, that is a little bit more difficult, because we get into potentially micromanaging. but in terms of fees, there are a number of ways to look at new fees, but i do think that we need to manage what we have now in a responsible way before we start to open the door to new opportunities to increasing revenue for the city. >> thank you. mr. everett. >> what we need to do is stop raising revenue off the backs of people who could afford it the least. if we're
the least. if we're going to go out and give tax breaks to twitter, besides the reasoning associated with that, we can't at the same time say we increase your parking or the cost to ride muni and the direct and real impact that has on the lives of ordinary people that. is what my campaign is all about. it might seem like a small issue, parking fees, but by implication, those who can afford it the least, those are the ones without garages. the most important asset you have as a low-income individual is your automobile. i'm on the campaign trail on a daily basis and people lament and almost cry to me because their vehicle has been booted or towed and they cannot get to work. san francisco has to stop raising revenue off the backs of people who can afford it the least. >> thank you, miss johnson. >> if you look on the sheets that has all of our combined answers you will see that i'm one the few people who doesn't support a lot of new taxes. i have served on the sunshine task force and we had a lot of members of public come in front of us, looking for reasons why all of thes
of infrastructure districts which is in a form of tax increment financing, in the wake of redevelopment agencies, more focus came to this tool, this year and two major bills are on the governor's desk at this point. ab2144 which is the speakers bill, generally provides a broader use of infrastructure financing districts. one thing the two bills and i will discuss the second bill in a second, have in common, and this was a fatal flaw i think in earlier versions of infrastructure financing district bills. it would have allowed entities to scoop up tax increments out of school districts share of local and both of these bills have prohibitions against that. the reason is the state is compelled to backfill any of those kind of redirections. so these bills have a higher degree of promise of being approved. the speakers bill is a broader-based bill it is more akin to a redevelopment agency structure and the one unique feature of this bill different from the second bill i mentioned as second, is that it still requires a vote to establish the infrastructure district. 55 percent vote of the populous and t
one tourist attractions in the united states. it generates $9 million tax revenue a year and the buddhists say in heaven and hell is on everyday. you come into the city, can you go church and come out and go to westportal and get a ticket. i think that is morally wrong and gouging and gouging and eventually it's just bad pr and for the generating 2.5 million dollars on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the noti
that i'm one the few people who doesn't support a lot of new taxes. i have served on the sunshine task force and we had a lot of members of public come in front of us, looking for reasons why all of these projects were overbudget and i think there is a lot of waste there government. we just talked about the hetch hetchy matter and building was supposed to be $140 million, but it was actually $65 million over budget. the department of public works doesn't even have all of its receipts. the bond oversight committee is supposed to be have access to those receipts. they can't get them. so we ce[6ud money is not accounted for. we found waste in the arts commission, which the controllers office confirmed and the civil grand jury confirm and we also found waste in various other departments. and this board of supervisors needs people on it who will actually ask those questions. thank you. we have a couple other candidates who wanted to jump in here. mr. davis and miss selby. >> after $1.5 billion in public service sector cuts in san francisco since 2008, since our budget crisis, we can't ba
. >>> jobs, taxes, healthcare, and big bird! the first perez dishl debate is in the book -- presidential debate is in the books. >> looking at the cbs news instant polls, the former governor apparently knocked it out of the park. 500 uncommitted voters were asked who won this debate. 46% said romney was the winner, while only 22% said that the president was the victor this time. as for their view of romney, the man who has been fighting to ensure that he relates to the average american, 56% of the polls said they had a better opinion of the former governor after this debate. what started out as cordial quickly became heated. >> his proposal calls for a $5 trillion tax cut on top of $2 trillion of additional spending for the military. and he is saying that he is going to pay for it by closing loopholes and deductions. he's been asked over 100 times how he would close those loophole, and he hasn't identified them. >> if the tax plan he described airplane tax plan i was asked to support, i'd say absolutely not. i'm not looking for a $5 trillion tax cut. i've said i won't put in place a tax
would look at the real estate transfer tax and we were able to add significant revenue that way. he think i'm the only candidate here who has been talking extensively about a commercial tax rent. commercial property owners in the state of california have been on a tax holiday since prop 13 and under the reagan and bush eras. and we could use that revenue to fund our public schools and restore jtor city college. >> thank you, miss selby. >> two of the things that are being done this november and i would love for to you vote for both of them, 30 and 38. those are two measures that would raise money for education and money in education is in dire straits. it's okay to vote for both. i also do support gross receipts. and i'm a small business person, and i wanted to let you all know that i have done sort of looked what i pay now $9,000. i have seven employees and i pay $9,000 a year and i will pay $750. so for small businesses the gross receipts actually does help and does not put the burden on the little guy and it is progressive and so it does become progressively as you make more mo
of dollars in more in taxes in june. the policy center says average house will pay $3500 more per year in taxes if congress doesn't extend tax cuts. temporary cuts put in place since twun are set so-to-expire, all of them in january. that includes income tax and payroll taxes. congress could extend some are all cuts with a decision not expected until after electrics f you're an american express customer you may have money coming to you. the bank will refund $85 million to a quarter million customers because of what the government called deceptive practices. saying the bank charged late fees and discriminated against older consumers. officials said telemarketers promised a $300 reward that actually did not exist. and american express says it has cooperated fully with the investigation and correcting violations and the bank agreed to refund customers directly. >> wow. all right. thank you. >> sure. >> and outside today, snokin snoking -- smoking hot. >> there is a look at the forecast in october. >> i know. really. inland areas unseasonally hot today. coastal areas were warmer than avera
. >> thank you for your report. i have a couple of questions. under redevelopment, 80% of the tax increment was to flow back into the redevelopment area. with the dissolution, we were told that absent any substitute agencies this money would flow into the general fund of the city or county; in our case the city and county of san francisco. under successor agency, with a redevelopment funds or criminal tax funds clawback of the area or to the general fund? >> the answer is yes and yes. anything with the tax increment, 60% infrastructure, -- down the line to the district. in those areas funds do flow pursuant to the contract in place to the taxing entities, in the format described, 80-20%. -- it requires an increment in infrastructure to make it happen. 100% of 0 is 0. once development happens, we are looking at changes to state law to try to capture the increment and the upfront investment required to make that kind of brownfield site go. and flow through the general fund. all things considered obligated, they have underlying contracts; if for some reason the tax increment would flo
a is a temporary 8-year, $79 parcel tax on properties in san francisco. and that money would go directly to supporting city college of san francisco. city college is the largest work force training center in san francisco. we train students. we also help students learn english as a second language and then of course one of our primary missions is to help students, particularly low income and underserved students, move on to 4 year institutions. we serve nearly 100,000 students in san francisco and are a tremendous resource, we think, for san francisco. the last couple years the state budget cuts we faced, $53 million in the last 3 years alone, have really made it a challenge for us to keep our doors open for san francisco students and this proposition a would make a tremendous difference in addressing our fiscal problems right now. >> understood. thank you. starchild, can you present some of the thoughts around the opposition? >> sure. we all believe in people getting an education and having those opportunities be affordable and accessible to them, but city college's financial probl
the country for the last year promising $5 trillion in tax cuts that favor the wealthy. >> reporter: supporters like darrion wilson wondered where that president obama was last bamat. >> i was wanting him to have >> more enthusiasm in his enters and hit back a little more. i felt like romney was lying right and left and i'm, "come on, call him on that." >> reporter: campaign officials ancede in an attempt to appear above the fray mr. obama missed easy opening. he spoke slowly, sometimes haltingly in a roundabout way. >> i want to get to it, but all i want to do is very quickly. >> let's get back to medicare. >> reporter: it's not that the president didn't go on offense. >> is the reason that governor romney is keeping all these plans to replace secret because they're too good? >> reporter: but debate observers noted a difference in body language. la. obama looked down when his opponent spoke and sometimes appeared angry or peevish. emney kept his eyes glued on the president, waiting to jump in. today, mr. obama delivered some of the comebacks he missed last night. >> he said he woul
tax and that is a start but we have to press this and business friendly city and benefit those in business and benefit those in need of job when is we have 8% unemployment here in san francisco. >> thank you sir. ms. gavin. >> i would invest in transportation, in public transportation it would be muni. i think a lot of areas that we need to upgrade muni and put it under ground. i would invest in the ferries. i think being a tourist city and many people commute to the city i think it's one area a lot of jobs would come from is invest in the public transportation. there si pending grant for the train to no where with the project. it's $942 million grant that san francisco may get and it's a lot of money, but that train isn't going to connect to the k, l, or m that see the break downs everyday. i know because i ride it so i would heavily invest in all of the public transportation. dc has a bullet train that goes 100 miles per hour. we can have one too. >> thank you. mr. lasos. >> this is not just a problem for san francisco. it's a problem for america. america is losing
through the special tax assessment against the specific parcel over a 20-year term. the port must opt into the special tax district, however the special taxes are secured by the tenant's leasehold interest. >> port in return would pay its prorated share of the special taxes which is approximately 35 percent, and that was derived by the amount of space that the port occupies as compared to the project over all. which are estimated to be approximately $100,000 annually. >> the sublease agreement, between the port and prologis provides for the reimbursement of the taxes leveed against the tenants especially to reduce the operating expenses. >> the project sponsor through the controls and the project sponsor is over here aaron blinkly and cordova is the director and johnson is represent as well. they have prepared extensive models on the energy safe ands their estimates through the sustain able improvements will be approximately $100,000 annually. so that equates to the cost of the special tax assessment. and so that is in the first year. the projections, however, take into account energy
that you will never raise taxes? and on the president on the flip side. if he has the same configuration in congress, how is he going to get the pledge signers to agree to compromise on anything. >> cenk: i think i would love to ask them two questions. one is about civil liberties. do you think that the president of the united states of america has the right to execute u.s. citizens abroad without a trial in without due process. i would love to see the president's answer on that. because he has done it. i would love to see mitt romney say yes or no on that issue, and of course the most important thing is campaign finance reform. 84% of americans believe that money has a corrupting influence on politics what would you do specifically to try to stop the influence of money in politics. i know the president favors a constitutional amendment, and i don't know that romney has any plan, so i would love to hear his answer. >> john: that's a great question. and we want to know what you think as well to keep on tweeting. when we come back michael shure will join us from san fr
actually, it is a bit more than that. but we do not need is a tax increase that will cost us 700,000 jobs. two years ago, the president said you do not want to raise taxes in a bad economy. the economy was better than that it is now. ladies and gentleman, this is a big choice. it is not only about taxes. it is about freedom. it is about our principles. it is about our country. it is about the idea of our country. america is so much more than a country with a flag. it is an idea. these ideas make us who we are. they make us special. i will see something that in washington is considered out of date or wrong, and it is this -- america is an exceptional nation. we are not afraid to say so. [cheers and applause] >> usa! usa! usa! >> we have a chance to get ourselves on the right track. we have a chance to vote for someone who will protect our freedoms. he will lead to protect our religious freedom. he will protect our second amendment rights. ladies and gentlemen, right here in virginia, we have a big choice to make. america has a big choice to make. america will make the right choice
jobs oversees and off shoring the labor and my proposal is tax those corporations that off shore our jobs. just tax them and that will be a deterrent and we can use that money to create jobs here at home here in san francisco. use that money to create jobs in the private and public sector so that's my proposal to create jobs in san francisco. >> mr. rogers. >> i like that one. you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> a
are looking at approximately 5 to 7 companies that are applying for the payroll tax exclusion this year, twitter being a big one. [speaker not understood] lane, zoosk, and i can't remember any of the others off the top of my head. but i know that the cac members have been engaging with executives at twitter at 1 king's lane. i'm p sure they are with the process of the negotiating with the city's administrator. they have increased meetings from once a month to twice a month to accommodate, you know -- we expect a flurry of companies that are going to be applying. and the cbas have to be signed by january 31st. so, it's going to be kind of a busy time of year. but as far as i know, you know, i don't have the latest up to date information, but i don't think any other companies have officially applied for the payroll tax exclusion. i might be wrong on that, but we are looking at about 5 to 7 that will apply. that's basically all i had. do you have any questions? >> no further questions. it would be great to get the lists of the companies that you think would be applying this year. i also un
Search Results 0 to 49 of about 390 (some duplicates have been removed)